HomeMy WebLinkAboutResolution 79-09CITY
OF
CITY OF COLUMBIA HEIGHTS
590 40th Ave. N. El -
C~olurnbia -Heig_~ ~_sT-MN -5542t
(612) 788-9221
"SE-RViCE IS OUI~=~OSINESs''
RESOLUTION 79- 9
RESOLUTION RELATING TO A PROJECT UNDER THE MUNICIPAL INDUSTRIAL
DEVELOPHENT ACT, APPROVING AND AUTHORIZING THE EXECUTION OF A
SUPPLEMENT TO THE MEMORANDUM OF AGREEMENT BETWEEN THE CITY OF
COLUMBIA HEIGHTS, AND MIDLAND COOPERATIVES, INCORPORATED
BE IT RESOLVED by the City Council of the City of Columbia Heights,
Minnesota, as fo]lows:
I. The City Council by resolution adopted on December 27, 1977
entitled ~'Resolution Giving Preliminary Approvat To A Project Under
The Municipal Industrial Development Act, Referring The Proposal To
The Commissioner Of Securities For Approval, And Authorizing Execution
Of A Memorandum Of Agreement And Preparation Of Necessary Documents"
authorized the execution on behalf of the City of a Memorandum of
Agreement relating to the commitment of the City to issue its revenue
bonds pursuant to the authority of Minnesota Statutes, Chapter 474, as
amended, to finance costs of the acquisition of land within the City
and the construction and equipping thereon of a facility to be used by
Midland Cooperatives, Incorporated (the Company) as a headquarters and
office facility. In accordance with Section 4 of such Memorandum of
Agreement it is deemed desirable in order to evidence the continuing
commitments of the City and Company thereunder to enter into a First
Supplement to the Memorandum of Agreement for such purpose.
2. A form of First Supplement to Memorandum of Agreement has been
submitted to this Councit for the above described purpose. Such First
Supplement to Memorandum of Agreement is hereby approved and the Mayor
and City Manager are hereby authorized and directed to execute the
First Supplement to Memorandum of Agreement on behalf of the City.
Offered by: Hentges
Seconded by: Heintz
Roll Call: All Ayes
Uncil SecFet~ry ~
Bruce G. Nawrocki, Mayor
E. "Sebe" Heintz, Councilmember Walter Logacz, Councilmember
Gayle R. Norberg, Councilrnernber Kenneth E. Hentges, Councilmember
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